Substantial Issuer Bid via Modified Dutch AuctionManagement has guided sentiment on its stock upward....with some help from many other factors.
Given the board's/management's renewed focus on closing the valuation gap to NAV of US$28.73, why would I now tender on March 25 at US$21? Given other macro factors, perhaps I will tender some small %.
Nonetheless, kudos to BPY for doing the right thing here!!